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Amfil Technologies Inc. Provides Shareholder Update

TORONTO, ON /ACCESSWIRE/ August 19, 2014 / Amfil Technologies Inc. (OTC Pink: AMFE) (PINKSHEETS) is pleased to announce that the company accountants and auditing team at MNP LLC. are now working on the audited financial statements for the most recent year ended June 30th 2014. The company expects to file audited financial statements within the next two to three weeks if progress continues as expected. The most economical approach for the company and its shareholders is to include the most recent 10k in the upcoming filings that will be submitted as having MNP complete an audit review on the three quarters following the June 30th 2013 10k and a standalone 2014 year end audit would be significantly more costly to the company than the approach we have decided to take. We appreciate the patience of our shareholders as we finalize this process. The company looks forward to completing the audit and continuing the successful execution of the new business plan.

Notice Regarding Forward-Looking Statements

Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. The company cautions that these forward-looking statements are further qualified by other factors. The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.